SAP FICO ADVANCE Training Delhi

SAP FICO ADVANCE Training Delhi

SAP FICOAdvance Training Delhi, will help develop the SAP skills and knowledge needed to compete in the current SAP employment market and adapt to future changes.

Pre-requisites of SAP FICO Advance Training:

To study sap fico advance training Delhi, topics it is imperative to have a solid foundation. We recommend that students take the Basic SAP FICO Advance training Delhi first. That much said we recognize that there are a lot of people who have acquired more or less the same knowledge via work experience. We will accept professionals in our SAP FICO Advance training Delhi, course if they pass the exam.

SAP FICO ADVANCE Training Delhi

Key features

40 hours of instructor-led training

40 hours of high-quality eLearning content

5 simulation exams (250 questions each)

8 domain-specific test papers (10 questions each)

30 CPEs offered

98.6% pass rate

SAP FICO ADVANCE Training Delhi Duration :- 5 Days

Day-1

Define Company

Define Credit Control Area

Define Company Code

Define Functional Area

Assign Company Code to Company

Assign Company Code to Credit Control Area

Assign Company Code to financial management area

Define Document Types

Define Document Number Ranges

Tolerances for employees

Overview of New General Ledger

The general ledger in SAP R/3 is highly assorted. R/3 customers have to implement several SAP components in order to fulfill accounting requirements. To ease this problem, SAP has created a new, flexible general ledger solution in SAP ERP. New G/L merges the classic general ledger with profit center accounting, special ledger.

New general ledger accounting in mySAP ERP has the following features:

New G/L accounting has an extended data structure in the standard delivery.

With (real-time) document splitting, balance sheets can be created for entities such as “Segment”.

You can run a real time reconciliation tasks obsolete.

New G/L accounting makes it possible to manage multiple ledgers within G/L accounting. This is one of the possible ways of portraying parallel accounting in the SAP system.

Configuration of New General Ledger

Define Ledgers for General Ledger Accounting.

Define Currencies of Leading Ledger.

Define and Activate Non-Leading Ledger.

Assign Scenarios and Customer Fields to Ledgers.

Define Ledger Group.

Overview of Parallel Accounting

You can portray parallel accounting in your SAP System. This enables you to perform valuations and closing preparations for a company code according to the accounting principles of the group as well as other accounting principles, such as local accounting principles.

Define Accounting Principles.

Assign Accounting Principle to Ledger groups.

Overview of Tax on Sales / Purchases

Input and output tax is calculated on revenue or expense items (base amount). The tax amounts are posted to separate tax accounts and refunded by the tax office (input tax) or paid to the tax office (output tax). The tax percentage rates vary from country to country and are determined when you define the tax codes.

Basic Settings

Calculation

Posting

Overview of Document Splitting

Document splitting allows you to display documents using a differentiated representation. In the representation, line items are split according to selected dimensions. So you can draw up financial statements for the selected dimensions at any time.

Overview of Cross – Company Code Transactions

Several company codes are involved in a cross-company code transaction. In a cross-company code transaction, the system posts a separate document with its own document number in each of the company codes. Individual documents are linked by a common cross-company code number. The system generates line items automatically (receivable and payable arising between company codes) in order to balance the debits and credits in each document. You may use only one company code for offsetting entries.

Cross-Company Code Transactions

Foreign Exchange Currency Valuation

Define Valuation Methods

Define Valuation Areas

Check Assignment of Accounting Principle to Ledger Group

Assign Valuation Areas and Accounting Principles

Prepare Automatic Postings for Foreign Currency Valuation

Validation and Substitutions

Day-2

Asset Accounting: The SAP Asset Accounting (FI-AA) component is used for managing and supervising fixed assets with the SAP R/3 System. In SAP R/3 Financial Accounting, it serves as a subsidiary ledger to the FI General Ledger, providing detailed information on transactions involving fixed assets.

Traditional asset accounting encompasses the entire lifetime of the asset from purchase order or the initial acquisition (possibly managed as an asset under construction) through its retirement. The system calculates, to a large extent automatically, the values for depreciation, interest, insurance and other purposes between these two points in time, and places this information at your disposal in varied form using the Information System.

Overview of Asset Accounting

Copy Reference Chart of Depreciation/Depreciation Areas

Assign Chart of Depreciation to Company Code

Asset Classes

Specify Account Determination

Create Screen Layout Rules

Define Number Ranges Intervals

Define Asset Classes

Integration with the General Ledger

Assign G/L Accounts

Assign Input Tax Indicator for Non-Taxable Acquisition

Specify Posting Key for Asset Posting

Depreciation

Determine Depreciation Areas in the Asset Class

Ordinary Depreciation

Special Depreciation

Unplanned Depreciation

Depreciation Key

Define Base Methods

Define Declining-Balance Methods

Define Maximum Amount Methods

Define Multi-Level Methods

Maintain Period Control Methods

Maintain Depreciation Key

Transaction Types

Acquisitions

Retirements

Transfers

Intercompany Asset Transfer

Capitalization of Assets under Construction

Asset Master Data

Create

Change

Display

Lock

Delete

Acquisitions

With Vendor

Acquisition w/Automatic Offsetting Entry

Clearing Offsetting Entry

In- House Production

Credit Memo

In Invoice Year

Retirements

Retirement w/Revenue

With Customer

Asset Retirement by Scrapping

Transfers

Transfer with Company Code

Intercompany Asset Transfer

Capitalization of Assets under Construction

Distribution

Settle

Depreciation Run

Execute

Asset Explorer

Day-3

Concepts of Lockbox:Customer payments are posted into the system to represent the collection of money and the application of this money against Customer liabilities to the company. This can be performed two ways within the system, either on an individual payment-by-payment basis, or collectively, in what is commonly called lockbox processing.

Credit Management: Large number of outstanding receivables or bad debts can have a not inconsiderable impact on company performance. Using Credit Management, you can minimize your credit risk by defining a credit limit for your customer.

Interest Calculation on G/L and A/R: We calculate interest on overdue customer accounts and general ledger accounts. Interest can be calculated by using the line items interest or overall account balances.

Integration FI-MM-SD: SAP FICO is a core module in SAP and tightly integrated with MM and SD.

Day-4

Cost Center Accounting: You use Cost Center Accounting for controlling purposes within your organization. The costs incurred by your organization should be transparent. This enables you to check the profitability of individual functional areas and provide decision-making data for management. This requires that all costs be assigned according to their source. However, source-related assignment is especially difficult for overhead costs. Cost Center Accounting lets you analyze the overhead costs according to where they were incurred within the organization.

Day-5

Internal Order:An instrument used to monitor costs and, in some instances, the revenues of an organization.

Internal orders can be used for the following purposes:

Monitoring the costs of short-term jobs

Monitoring the costs and revenues of a specific service

Ongoing cost control

Internal orders are divided into the following categories:

Overhead orders: For short-term monitoring of the indirect costs arising from jobs. They can also be used for continuous monitoring of sub-areas of indirect costs. Overhead orders can collect plan and actual costs independently of organizational cost center structures and business processes, enabling continues cost control in the enterprise.

Investment orders: Monitor investment costs that can be capitalized and settled to fixed assets.

Orders with revenues: Monitor the costs and revenues arising from activities for partners outside the organization, or from activities not belonging to the core business of the organization.

Configuration Steps

Activate order management

Maintain allocation structure

Maintain number ranges for settlement documents

Maintain settlement profile

Maintain Status Profile

Maintain Planning profile

Maintain Budget profile

Create order type

External Settlement

Period end closing of the Internal Order

Planning, Budgeting and Availability Control

COPA -> Profitability Analysis

Profitability Analysis (CO-PA) enables you to evaluate market segments, which can be classified according to products, customers, orders or any combination of these, or strategic business units, such as sales organizations or business areas, with respect to your company’s profit or contribution margin.

The aim of the system is to provide your sales, marketing, product management and corporate planning departments with information to support internal accounting and decision-making.

Two forms of Profitability Analysis are supported: costing-based and account-based.

Costing-based Profitability Analysis is the form of profitability analysis that groups costs and revenues according to value fields and costing-based valuation approaches, both of which you can define yourself. It guarantees you access at all times to a complete, short-term profitability report.

Account-based Profitability Analysis is a form of profitability analysis organized in accounts and using an account-based valuation approach. The distinguishing characteristic of this form is its use of cost and revenue elements. It provides you with a profitability report that is permanently reconciled with financial accounting.

Operating Concern

Characteristics

Value fields

Maintain Operating Concern and Data Structure

Maintain Characteristics Value

Define Characteristics Hierarchy

Define Derivation Rule

Flows of Actual Values

Define Number Ranges for Actual Postings

Characteristic Groups

Maintain Characteristic Groups

Assign Characteristic Groups for Assignment Screen

Assign Characteristic Groups for Line Item Screens

Value Field Groups

Maintain Value Field Groups

Assign Value Field Groups for Line Item Screen

Direct Posting from FI/MM

Maintain PA Transfer Structure for Direct Postings

Automatic Account Assignment

Introduction to Characteristics Derivation and Valuation

Planning

Define Number Ranges for Planning Data

Maintain Versions

Set Up Planning Framework

Master Data – Characteristic Values

Change Characteristics Values

Display Characteristics Values

Define Characteristics Hierarchy

Actual Posting

Create Line Items

Display Line Items

Repost Accounting Document

Information System

Year-end Closing Process:

Open posting period for next yr (OB52)

Run Business Area’s Assignment report. (F.50)

Review list of recurring journal entries (FBD3)

Execute Recurring Entries for A/R, A/P, G/L (F.14)

Process Parked A/R, A/P, G/L accounting documents (FBV0)

Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (ABUMN)

Venue is finalized few weeks before the training and you will be informed via email. You can get in touch with our 24/7 support team for more details. Contact us Mob no:- 8447121833, Mail id: [email protected] . If you are looking for an instant support, you can chat with us too.